China’s Selenium Market Shows Downturn-Shanghai Metals Market

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China’s Selenium Market Shows Downturn

SMM Insight 10:26:56AM May 08, 2012 Source:SMM

SHANGHAI, May 8 (SMM) – Quotations for selenium dioxide in China’s domestic markets were mainly between RMB 660-680/kg Monday, and mainstream offers for selenium powders were between RMB 1,000-1,020/kg.

According to SMM sources, selenium powder prices on LME were between USD 58-62/lb, down USD 2/lb, causing the cost for importing selenium powder to reduce. Meanwhile, prices of Chinese domestic selenium powder fell due to the gloomy selenium dioxide downstream, while selenium dioxide prices dropped slightly to RMB 660-680/kg due to the sluggish EMM market and decline in selenium powder prices.

China’s Selenium Market Shows Downturn

SMM Insight 10:26:56AM May 08, 2012 Source:SMM

SHANGHAI, May 8 (SMM) – Quotations for selenium dioxide in China’s domestic markets were mainly between RMB 660-680/kg Monday, and mainstream offers for selenium powders were between RMB 1,000-1,020/kg.

According to SMM sources, selenium powder prices on LME were between USD 58-62/lb, down USD 2/lb, causing the cost for importing selenium powder to reduce. Meanwhile, prices of Chinese domestic selenium powder fell due to the gloomy selenium dioxide downstream, while selenium dioxide prices dropped slightly to RMB 660-680/kg due to the sluggish EMM market and decline in selenium powder prices.